Money Laundering Reporting Analyst

Standard Bank of South Africa Limited; Douglas; On-site; GBP 45,000 - 65,000; Full time

Job summary

Standard Bank of South Africa Limited is seeking a compliance professional to conduct in-depth analysis of high-profile PEPs/PIPs and to mitigate financial crime risk. The role emphasizes monitoring AML/CFT indicators, reviewing customer activity, and drafting concise synopses for authorities.

You will assess risk profiles, analyze negative news, maintain records, and ensure adherence to applicable regulations across banking products and services.

Qualifications

• 3-4 years of experience in Compliance.
• Experience in the analysis of money laundering and terrorist financing indicators and trends.
• Experience with bank processes, products and systems.
• Experience in dealing with stakeholders at different levels (internal and external).
• Experience in AML/CFT investigative work.

Responsibilities

• Assess independent risk profiles of high-profile clients as a second line-of-defence.
• Analyse information from negative news, customer identification & verification for law enforcement submissions.
• Submit data, perform data analytics, identify trends in money laundering and other suspicious activity.

Skills

Compliance

AML/CFT investigations

Data analysis

Stakeholder engagement

Risk assessment

Education

Diploma in Risk Management

Job description

NOTE: This role does not offer Relocation or Sponsorship. Applicants must be eligible to work in Isle of Man.

To conduct in-depth analysis and investigations into high profile, high-risk Politically Exposed Persons (PEPs) or Politically Influential Persons (PIPs), related to terrorist financing, money laundering, bribery, corruption, market abuse, other predicate offences or other suspicious activity, therefore mitigating the potential for operational losses, fines, penalties or reputational damage to the organisation.

Qualifications

• Diploma in Risk Management

Experience Required :

• 3-4 years experience in Compliance


• Experience in the analysis of money laundering and terrorist financing indicators and trends. Experience in bank processes, products and systems. Experience in dealing with different stakeholders at different levels both internal and external. Experience in AML / CFT investigative work.

Key Outputs :

• Assess the independent risk profiles of high profile clients as a second line-of-defence, in relation to consequential risks. Analyse information arising from negative news, customer identification & verification, to enable the drafting of accurate synopses for submission to law enforcement & regulatory authorities. Submit data, perform data analytics, identify & analyse trends consistent with money launder, terrorist financing, & other suspicious activity, to determine the impact on operations.


• Capture findings and conclusions in the required reporting format and systems and prepare and submit outcomes as prescribed by relevant policies and procedures.


• Conduct in-depth analysis to ensure that the organisations' products and services adhere to all relevant legislation and regulations.


• Maintain pro-active awareness of potential high-risk persons or entities through monitoring of open source information (e.g. press releases, social media)


• Store and manage all information and data on the required systems, in the required format and for the required duration as prescribed by the relevant data model and in adherence with the policies and procedures